Howard T. Slayen - Jan 11, 2022 Form 4 Insider Report for AEHR TEST SYSTEMS (AEHR)

Role
Director
Signature
/s/ Kenneth B. Spink, Attorney-in-Fact
Stock symbol
AEHR
Transactions as of
Jan 11, 2022
Transactions value $
$57,919
Form type
4
Date filed
1/11/2022, 05:45 PM
Previous filing
Nov 10, 2021
Next filing
Aug 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AEHR Common Stock Options Exercise $36.2K +17.2K +8.91% $2.10* 211K Jan 11, 2022 Direct
transaction AEHR Common Stock Options Exercise $21.7K +10K +4.74% $2.17* 221K Jan 11, 2022 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AEHR Non-Qualified Stock Option (right to buy) Options Exercise $0 -17.2K -100% $0.00* 0 Jan 11, 2022 Common Stock 17.2K $2.10 Direct F2
transaction AEHR Non-Qualified Stock Option (right to buy) Options Exercise $0 -10K -100% $0.00* 0 Jan 11, 2022 Common Stock 10K $2.17 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The amount reported includes shares subject to unvested restricted stock units.
F2 One sixth (1/6) of the total number of shares became exercisable on this date and an additional one sixth (1/6) of the total number of shares became exercisable each month thereafter.
F3 One twelfth (1/12) of the total number of shares became exercisable on this date and an additional one twelfth (1/12) of the total number of shares became exercisable each month thereafter.

Remarks:

Exhibit 24: Power of Attorney